Press release
Global Automotive Lighting Market Growth 2021 | Increasing Population and Rising Concerns for Vehicle Safety Are Also Anticipated to Booming Industry Growth
Automotive Lighting Market
Lighting systems improve visibility for drivers in case of unusual conditions and enhance the aesthetic appeal of different parts of a vehicle. The emergence of new technologies such as OLED, LED, and laser is providing substantial growth potential, which is anticipated to boost the automotive lighting market; however, the development and implementation of such solutions are complex.
As per the latest research report published by StraitsResearch, the global Automotive Lighting Market Sales is on course to accomplish a highly eye-catching growth during the estimated period 2017 to 2029.
The Global Automotive Lighting market research Report 2021-2029 may be a valuable source of insightful data for business strategists. It offered the industry overview with growth study and historical & innovative cost, revenue, demand, and supply data.
The global automotive lighting market was valued at USD 27.9 billion in 2018 and is projected to reach a value of USD 49.76 billion by 2026, registering a CAGR of 7.5% during the forecast period, 2019–2026.
The research analysts offered an elaborate summary of the value chain and its distributor study. This market study provides complete data that improves the understanding, scope, and application of this research report.
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COVID-19 Scenario-
• The work-from-home trend has led to a massive amount of opportunities for data analytics, thereby impacting the global Automotive Lighting market positively in the future also.
• This trend is prospective to continue post-pandemic as well since various firms have started incorporating business analytics solutions to expand data security and streamline business productivity altogether.
Key players and OEMs in the automotive lightening industry possess substantial purchasing power, which allows them to procure lighting systems in bulk and negotiate favorable pricing. Governments are taking initiatives to enhance driving experience and reduce accidents, which is positively influencing the market growth. For instance, the National Road Safety Policy in India has introduced several measures, including safer vehicles, establishing a road safety information database, and safer road infrastructure.
Automotive Lighting Market Competition by Top Manufacturers as Follow:
General Electric, Osram GmbH, Magneti Marelli S.P.A, Koninklijke Philips N., Koito Manufacturing Co. Ltd, Stanley Electric Co., Ltd., Lumax Industries Zizala Lichtsysteme GmbH, Ichikoh Industries Ltd., and Hella KGaA Hueck & Co.,
Scope of the Automotive Lighting Report:
This research estimates micro-markets and takes a similar look at the various growth trends, future prospects, and regulations that will regulate the industry in the upcoming years. Researchers have also added a few top performers in the sector to calculate their industry shares and core firms. The research describes technological developments in the sector along with upcoming areas of the industry that might hypothetically attract massive investments.
Industry Update:
In June 2017, Magneti Marelli announced the commencement of its new automotive lighting production plant in China for the manufacturing of LED headlamps and rear lamps.
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Detailed Segmentation:
By Technology: LED , Halogen, Xenon
By Vehicle Type: Passenger Cars, Commercial Vehicles, Two-Wheelers
By Application: Interior Lighting, Side Lighting, Rear Lighting, Front Lighting/Headlamp
A detailed evaluation of the highest industry key restrains added within the Automotive Lighting market report describes the contrast to key drivers and provides room for strategic planning. Key factors that dominate the market growth are crucial, as they can be understood to devise various bends for getting hold of the rewarding opportunities that are present in the ever-growing Automotive Lighting market. Additionally, insights into market specialist’s opinions have been taken to appreciate the market better.
Regions Are Covered By Automotive Lighting Market Report 2021 To 2029
For a comprehensive understanding of market dynamics, the global Automotive Lighting market is analyzed across key geographies namely: North America (United States, Canada, and Mexico), Europe (Germany, France, UK, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, and Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa). Each of those regions is analyzed on the idea of market findings across main countries in these regions for a macro-level thoughtful of the market.
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Key Offerings:
• Market Size & Forecast by Revenue | 2021−2029
• Market Dynamics – Leading key trends, industry growth drivers, key restraints, and investment opportunities in the future.
• Market Segmentation Overview – A complete analysis by segmentation and geography
• Competitive Landscape
Strategic Facts Covered in Table of Content of Automotive Lighting Market:
Chapter 1: Market Introduction, market key driving force product Objective of Study and Research Scope the Automotive Lighting market
Chapter 2: Exclusive Overview– the basic information of the industry.
Chapter 3: Showing the Market Dynamics- Key Drivers, Industry Trends and Challenges of the Industry
Chapter 4: Presenting the Automotive Lighting Market Factor Outlook Porters Five Forces, Supply/Value Chain, PESTEL analysis, etc.
Chapter 5: Displaying the by Segments and Region
Chapter 6: Evaluating the Top vendors of the Automotive Lighting market which involves its Competitive Landscape, Peer Group Analysis & Company Profile
Chapter 7: To appraise the market by segments, by countries, and by key players with revenue share and sales by key countries in these numerous regions.
Chapter 8 & 9: Displaying the Appendix, Methodology, and Data Source
Browse Complete Table of Contents @ https://straitsresearch.com/report/automotive-lighting-market/toc
Note: If you have any special requirements, please let us know and we will provide you the report as you want.
Our research analysts will benefit you to get customized facts for your report, which can be adapted in terms of an explicit region, application, or any statistical details. In addition, we are always willing to comply with the study, which is triangulated with your own data to make the market research more inclusive in your viewpoint.
Browse More Relevant Reports at:
Emergency Lighting Market 2026 | Straits Research
https://straitsresearch.com/report/emergency-lighting-market/
Outlook of Automotive Lighting Market | Sales of Automotive Vehicles was Nailed at 93.9 Million Units in 2016 as Compared to 89.7 Million Units in 2015 is Impetus on Market Growth Says StraitsResearch
https://www.openpr.com/news/2370131/outlook-of-automotive-lighting-market-sales-of-automotive
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